📉Chinese confidence in their economy has hit record lows, with generation Z showing a negative outlook.
💼Entrepreneurs in China express low confidence, calling for urgent reforms.
📈China remains the world's largest official source of international development finance.
💰China's outstanding debt from borrowers in the developing world is estimated to be over 1 trillion US dollars.
👍👎China's public approval rating in the developing world has declined, while the United States has seen an increase.
What is causing the declining confidence in China's economy?
—Various factors, including economic and societal challenges, have contributed to the declining confidence in China's economy.
What reforms are entrepreneurs calling for?
—Entrepreneurs in China are calling for urgent reforms to address the challenges and improve confidence in the economy.
How much debt does China have from borrowers in the developing world?
—China's outstanding debt from borrowers in the developing world is estimated to be over 1 trillion US dollars.
What is the public approval rating of China in the developing world?
—China's public approval rating in the developing world has declined, while the United States has seen an increase in approval rating.
What is China's role as an official debt collector?
—China is facing the challenge of being the world's largest official debt collector, particularly with borrowers in financial distress.
00:00In this episode of China Update, we explore the declining confidence in China's economy among businesses and households.
03:00Entrepreneurs in China express low confidence and call for urgent reforms to improve the economy.
09:00China remains the largest official source of international development finance, with outstanding debt over 1 trillion US dollars.
13:00China's public approval rating in the developing world has declined, while the United States has seen an increase.
16:00China faces challenges as it becomes the world's largest official debt collector, especially with borrowers in financial distress.
